Level Brands Announces Closing of $12 Million Initial Public Offering
November 17 2017 - 5:19PM
Level Brands, Inc. (NYSEAMERICAN:LEVB) ("Level Brands" or the
"Company"), an innovative marketing and licensing company that
provides bold, unconventional and socially responsible branding for
leading businesses, today announces that is has closed its initial
public offering of 2,000,000 shares of common stock at a public
offering price of $6.00 per share for gross proceeds of $12
million. Level Brands expects its common stock to begin trading on
NYSE American under the ticker symbol "LEVB" on November 17, 2017.
"We are delighted that Level Brands, Inc. has chosen to list on
NYSE American," said John Tuttle, NYSE Global Head of Listings. "We
look forward to partnering with Level Brands as it continues to
grow and support socially conscious consumer lifestyle, beauty and
entertainment companies. "Joseph Gunnar & Co., LLC acted as the
sole book-running manager for the offering. TriPoint Global
Equities, LLC, working with its online division BANQ®
(www.banq.co), acted as co-manager and selling agent for the
offering.
https://www.dropbox.com/s/3sz4i5nq1pjbncz/LEVB.NYSE%20(Final%20Draft).mp4?dl=0
For additional information on Level Brands, the offering and any
other related topics, please review the Form 1-A offering circular
that can be found at the following location
(https://www.sec.gov/Archives/edgar/data/1644903/000165495417009735/level_253g1.htm) or
contact Joseph Gunnar & Co., LLC, 30 Broad Street, 11th Fl, New
York, NY 10004 or via telephone at 212-440-9600 or email:
prospectus@jgunnar.com.
About Level Brands, Inc.
Level Brands creates bold, unconventional and socially
responsible branding for leading businesses. With a focus on
corporate brand management and consumer products marketing art,
beauty, fashion, health & wellness including the beverage
space, entertainment, and real estate. Licensed brand marketing is
at the core of the Level Brand businesses: Ireland Men One or I'M1,
for millennial men and the women who love them; Encore Endeavor One
or EE1, corporate brand management and producer of experiential
entertainment events and products across multiple platforms; and
Beauty & Pin-Ups, Level Brands' hair care and disruptive
women's products brand.
Forward-Looking Statements
This press release may include ''forward-looking statements.''
To the extent that the information presented in this presentation
discusses financial projections, information, or expectations about
Level Brands, Inc.'s business plans, results of operations,
products or markets, or otherwise makes statements about future
events, such statements are forward-looking. Such
forward-looking statements can be identified by the use of words
such as ''should,'' ''may,'' ''intends,'' ''anticipates,''
''believes,'' ''estimates,'' ''projects,'' ''forecasts,''
''expects,'' ''plans,'' and ''proposes.'' Although Level Brands,
Inc. believes that the expectations reflected in these
forward-looking statements are based on reasonable assumptions,
there are a number of risks and uncertainties that could cause
actual results to differ materially from such forward-looking
statements. You are urged to carefully review and consider any
cautionary statements and other disclosures, including the
statements made under the heading "Risk Factors" and elsewhere in
the Offering Statement filed with the Securities and Exchange
Commission (the "SEC"). Forward-looking statements speak only as of
the date of the document in which they are contained, and Level
Brands, Inc. does not undertake any duty to update any
forward-looking statements except as may be required by law.
Contact:
MDC Group
Investor Relations:
David Castaneda
414.351.9758
IR@LevelBrands.com
Press Inquiries for Level Brands:
Susan Roush
805.624.7624
PR@LevelBrands.com
Press Inquiries for Kathy Ireland and kathy ireland® Worldwide:
Rona Menashe
310.246.4600
rona@guttmanpr.com
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